Coinfloor Bitcoin Security

Our Philosophy:

Coinfloor has chosen to operate under a 100% cold storage policy. What this means is that all Bitcoin are stored offline in secure storage systems. What this means is that Coinfloor stores the encrypted private keys split between several USB devices and held in different safe deposit boxes in different locations. From a non-technical perspective this means that a cyber-attacker would not be able to steal any of our users' BTC by breaking into our servers. It also means that the Founders who are operating the exchange are not able to collude together and steal the coins. The goal of our policy is “Zero Knowledge” meaning that no single person, location, server, vault, etc has the means to make a mistake that could compromise the integrity of our user’s Bitcoin. ref